// Primark workers face salary cuts as the retailer attempts to avoid temporary layoffs or redundancies
// Senior executives will face 20% pay cut
// The remainder of staff will face 10% cut
Primark employees will reportedly face a salary cut as the business attempts to avoid temporary layoffs or redundancies during the coronavirus pandemic.
The fashion retailer has introduced a temporary 20 per cent reduction in pay for senior executives, and a temporary 10 per cent cut for the remainder of colleagues across its headquarters and office functions for the coming 12 weeks.
The Primark leadership team is due to take a temporary 30 per cent salary cut and no bonuses are to be issued for this year.
- Primark to pay overseas factory wages after Covid-19 order cancellations
- Coronavirus: Primark bosses face 50% pay cuts
Primark’s 30,000 UK store staff will be paid their full wages until April 5, at which point they will be placed onto the government’s Job Retention Scheme and receive 80 per cent of their wages.
The news comes after AB Foods chief executive George Weston, finance director John Bason and Primark chief executive Paul Marchant all requested a temporary 50 per cent reduction in their base pay last week.
Meanwhile, all non-executive directors on the AB Foods board, including chairman Michael McLintock, have seen their base pay cut by 25 per cent.